Futures Market Updates/News

Futures Trading News: Coffee Bear Market Cools as Prices …

FuturesBlogs | Coffee Bear Market Cools as Prices Consolidate


Arabica Coffee’s negative fundaments and the potential for aggressive hedge selling by South American producers on any significant rally may keep pressure on Coffee prices. Aggressive traders who are bearish on Coffee may wish to consider using any rally attempts to explore selling out-of-the-money calls in Coffee futures options. For example, with July Coffee trading at 179.10 as of this writing, the July Coffee 195 calls could be sold for 1.10, or $412.50 per contract, not including commissions. The premium received would be the maximum potential gain on the trade, which would be realized at option expiration in early June should the July futures be trading below 195.00. Given the potential risks involved in selling naked options, traders should have an exit strategy in place should the position move against them. An example of one such strategy would be to buy back the options sold prior to expiration should the July futures close above chart resistance seen at 193.00.

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Posted by Admin - May 20, 2012 at 7:17 pm

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Technical Analysis In Forex | Cool Things

Technical analysis is one method of analysis or approach to evaluate the movement of a stock, futures contracts (futures contract), the index and some other financial instrument.

The technical analyst is doing basic research on the commodity price movement patterns are repeated and can be predicted. Even technical analysis can also mean a major study on the price, including the size (volume) and an open position (open interest).

So in essence the technical analysis is an analysis of the pattern of price movements in the past in order to predict price movements in the future.

Technical analysis is sometimes called chartist analysis for the study using a graph (chart), where they hope to find a pattern of price movements so that they can exploit them for profit.

In technical analysis, predicting the stock price the same as predicting the movement of commodity prices as analysts only see the chart factor and the volume of transactions only.

TECHNICAL ANALYSIS OF BASIC PRINCIPLES

Three principles that are used as the basis for technical analysis, namely:

1. Market Price Discounts Everything

Ie all the events that can lead to volatility in the stock market as a whole or the price of shares in a company such as economic factors, political as well as fundamental and events that can not be predicted in advance as a war, earthquakes and so forth will be reflected in market prices .

2. Price Moves in Trends

That is the price of a stock will keep moving in a trend. Prices start moving in one direction, down or up. This trend will continue until the price movement and give a warning to slow down before turning and moving towards the contrary.

3. History Repeats It Self

Due to technical analysis also describes the psychological factors of market participants, the historical movement of the benchmark to predict price movements in the future.

This historical pattern can be seen from time to time in the graph. These patterns have a meaning that can be interpreted to predict price movements.

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Posted by Admin - May 20, 2012 at 7:17 pm

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Real Time Forex Commentary – Predictions + Commentary For the …

Real Time Forex Commentary

We’re BACK! I hope everyone had a great Holiday… This year should be a great trading year and we will be adding more content, more trades, more educational tips + advice and other helpful items as the year goes on. Real Time Forex Commentary

This week’s report will be a special edition with our annual commentary intertwined with our weekly commentary below.

S&P 500 / DOW / NASDAQ: As we look at the rise off the bottom from the lows of March 2009, a period of pullback/profit taking will be coming. There is no way that the equity market can fundamentally keep going higher without a healthy profit taking pullback. We find it quite amazing that the market has managed to rise even though the country has had all the turmoil in the economy that the U.S.

has seen over the past 18 months or so – perhaps a buy the rumor and sell the news situation??? Perhaps all the sellers left and only buyers with itchy fingers and wads of cash in their pocket were left hanging around…who knows… time will tell – it always does.

We do think that we have seen the bottom in the overall Stock Market from the lows of March of 2009 and that the economy will improve from the misery that we saw in 2008 + 2009 and perhaps the market reacted to that, however the market cannot continue its huge move higher without a major pause or a bubble larger than the one that developed 10 years ago will be put in place – which will end badly for the bullish cause. Keep in mind that the DOW moved about 4000 points in about 9 months.

With that being said, how would we handle this? On a short-term trading program – we would ride the Bull Train until the Bull shows us that he has no more horns left, however… we will take profits quicker than normal on our bullish plays and use relatively tighter stop losses. We wouldn’t commit hugely to any long term bull trend setups. On a long term portfolio situation – we would start to move off any margin in our long term portfolios (starting now) and we would take profits on any “iffy” stocks or equity investments if we were in them. We then would seriously consider buying put options that would cover/help protect our total portfolio on any major weekly bearish signals/setups that showed up on the charts. If the weekly bearish setups start to form a solid bear setup on the monthly charts we would start going to cash (not to 100% cash but do some “healthy trimming down) with continued protection from put options (or the equivalent derivative trade). We aren’t talking a total capitulation as we don’t think 2010 will be a total bear year and we would not be shocked if we ended the year marginally higher but the RISK is there AND there is a decent chance that the market will pullback some time in the 1st qtr and linger all year on the bearish side of things.

There is talk out there that if the economy continues its recovery, corporate profits improve and with other factors getting better that those items will continue to fuel the rise in the US stock markets… however, others say that has been priced in (possibly prematurely so) and that valuations can only get so high before stocks become too pricey. Another concern will be how will the markets react to a rising US Dollar? The Dollar has firmed up and it looks like the bear has been tamed or at least slowed down in that market.

The charts, experience and common sense tells us that the US Stock market will finish lower than 10500 on the DOW by this time next year (how far lower – depends on a lot of factors – too hard to tell at this point)… However – you shouldn’t fight the BULL or major trends too aggressively… Play it smart and be agile and you should be OK!

Interest Rate Futures / Mortgage Interest Rates: The 10 year T-notes Futures are in a bearish trend on the Weekly Charts. We think that the 30 year fixed mortgage rate lows from 2009 will not be breached this year and if the 10 year T-Note Yield ($ TNX) breaks 4.25 to the upside (the symbol $ TNX and the 10 year T-Note Futures have an inverse relationship) that is a confirmation for the bearish cause in the mid and long side of the debt/interest rate futures market. The country is still mired in a national economic situation and the government’s actions are still a wild card but we don’t see 2009 highs being broke in 2010 on the 10 year T-Note or 30 year T-Bond Futures.

US DOLLAR (Symbol: DX): The Dollar’s bottom looks like it’s getting put into place. There is a higher low on the monthly charts and we are waiting for the Weekly charts as well as constructive daily action to give us a strong weekly signal before we declare that the bear is dead for this market… however, it has firmed up quite a bit and November’s low must hold for us to consider this firming up to be a legitimate bottom forming action.

Foreign Currency (FOREX + Foreign Currency Futures): With the Dollar firming up the FOREX market will be interesting this year.

Quick NOTE: The commentary below will be talking about the actual FOREX currency… Keep in mind – Forex’s symbol can have the USD listed first or second in the currency pair which is a major detail. Currency Futures have the symbol setup by having the Currency listed first against the US Dollar – at least the 6 that we trade do… keep in mind – when it comes to charts, trade direction, etc – there may be an inverse situation when comparing FOREX with Currency Futures. This situation occurs because of how the symbol is created and the implications of it.

In some currencies like the Swiss Franc… the Forex Market has it USD/CHF – ie. US Dollar over the Swiss Franc but the US Futures markets have it setup as CHF/USD – so the charts are inverse. The Canadian Dollar and Japanese Yen are also like that – where the charts on the Futures are “flipped upside down” in comparison to the FOREX Charts. However, the Australian Dollar, Euro and British Pound in the Forex market have charts which look nearly identical to their counterpart in the Futures market. Just keep this in mind as you may see at times that we may “Go Short” the Swiss FOREX and then post the futures equivalent trade which would be a LONG in the Swiss Futures. However, if it was the Euro – you could go long (or short) in either for the same trade – the FOREX pair and the Currency Futures contract trade in the same direction for the Euro, Aussie and BP. It’s not as complicated as it may sound so email us if you have any questions. By the way, most traders don’t trade both markets in the same currency at the same time… some traders trade currency futures and some trade in the FOREX market.

Australian Dollar: Looks Stable and Strong… May see some pullback in the recent uptrend but no major deterioration unless the US

British Pound: Looks Bearish – if the Lows of October 2009 break – the confirmation is in. Volatile markets are ahead.

Canadian Dollar: This looks Bearish and we don’t see any let up in that… the best a bullish Canadian dollar player could hope for is choppy action at this point.

Euro: Tough to call at this point in time. Our take in this currency is that it’s Nuetral and that feeling will turn moderately bearish if the December lows of 2009 are broken. Real Time Forex Commentary

Japanese Yen: This market is in a bearish trend… We see an attempted firming up process starting to materialize but it’s not there yet.

Swiss Franc: Much like the Yen, this market is in a bear trend, although unlike the Yen – we do see a decent formation of a bottom getting put in place. If the Swiss can break 2009′s lows then all bets are off but this currency is trying to move higher.

Crude Oil: Tough call on this market. A bit volatile… The monthly charts look neutral to me with a bullish bias. The weekly charts point that another good upleg will begin if and when the highs of October of 2009 are broken. Push come to shove – this market probably moves higher.

Grains Futures: With the US Dollar firming up – this market may get a bit wild. I don’t have a clear trend indication at this point on the Grain Future complex. The Weekly charts are slightly bullish and the Monthly Charts are neutral (with slight bearish feel) on Corn, Soybeans, Soybean Meal and Soybean Oil markets. Wheat looks weaker than Soybean or Corn at this moment in time. If December’s lows break, I would lean towards the bearish side of the Wheat market. The weekly charts on Wheat are looking like this market is trying to get stronger but no confirmation yet.

If the grains continue to chop around in the “neutral area” and the Dollar heats up and starts really moving forward – the grain market will probably move lower. There is a lot of “if” in this complex so we would stick to short-term trading if we were you and play the market accordingly. If we get a confirmation through the year on a true Bull or Bear trend – we will obviously point it out in our weekly commentary.

Metals Futures:

Gold Futures:Will Gold continue to move higher? That is the trillion dollar question… Unlike the US Stock market where we feel that the highs for 2010 are probably in for the next 12 months or at the most – aren’t far from their current levels… it’s a tough call on Gold. The Monthly Charts tell us that this metal is due for a pullback however we can’t say that it wont be higher this time next year. We do not see any major weakness, outside of “normal” profit taking in this market in the near future.

Silver Futures: Not as strong as Gold… Potential Double top on the Monthly Charts… We are neutral with a slight bullish bias on the Silver market for 2010. However, we only still hold a bullish bias as the trend is still in place and not because we see a chart that will continue higher with strong setups and constructive action.

Copper Futures: This market is in a super strong uptrend… one must think a pause is near but we wouldn’t “short” this market at this point… you may eventually catch the top or a nice reactionary move lower but you are going to get beat up along the way.

Platinum Futures: Bullish Trend… We don’t see any bearish indications… should trade in a “normal” bullish uptrend on the weekly charts for 2010 – which generally are 3 to 5 week up trends with an occasional 2 to 3 week pause/pullback. The last 13 months or so only saw 2 red bars on the monthly charts so one would think a profit taking period is near, but like copper – you may get hurt trying to find it.

Real Estate: The real estate market is bottoming out however interest rates are heading higher… The good news is that we don’t feel that they will shoot up and mortgage rates are coming off a really low bottom – interest rates should still remain attractive to consumers this year.

2010 should be a decent real estate market and if you have the cash or credit to use – we would recommend looking for bargains to buy in the residential real estate market. How the summer real estate market performs will be a really good indicator on the overall health of the US Real estate markets. Many large markets across the country do well during the summer and many times it’s a great indicator on the health of the overall real estate market.

Some regions of the country still have some additional room to move a bit lower and there are still many places with inventory issues due to the foreclosures that continue to hit the market but buyers are coming back and the lenders seem to be loosening a bit. HOWEVER, keep an eye on FHA mortgages – we wouldn’t be surprised to see the FHA mortgage market seeing some major negative news coming out this year. Lenders did tighten up in 2009 but the FHA mortgage market picked up some of the slack of the type of mortgage clients that people said shouldn’t have gotten a loan but got one anyways through Fannie Mae in past years… ie. FHA was giving loans in 2009 to people who may not be able to adequately afford the home if using the standards that people said Fannie should have been held to in previous years… if the job market doesn’t improve and the economy has another major misstep (or the recover stalls badly) FHA may take some heat and FHA mortgage defaults may be the financial news of 2010! The good news for this FHA situation is that it looks like FHA/Lenders have taken steps to tighten up the guidelines in a fairly reasonable way over the last few months… will it be enough or done in time??? We shall see.

Bottom line – if you need to buy a home to live in and can afford it – we would buy in 2010. If you are looking into buying real estate as an investment – we would start looking for deals and if the price seems right, location is great and the deal seems good – we would go ahead and buy the rental house. We think that the worst is behind us… the market probably has 1 to 3 years left to fully be out of the woods but the national US Real Estate Market probably has bottomed out and if it hasn’t… it’s really close to it. The problem if you wait is that no one will waive a white flag and tell you its OK to buy a home… and by the time you realize it – the market will have moved higher… The risk of missing the move is higher than the possible loss of doing nothing in our opinion – so we think it’s a cautious buy at this time – with the caution being that you need to buy the home right and in the price range that you can afford! Real Time Forex Commentary

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Posted by Admin - May 20, 2012 at 7:17 pm

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Warm forecast sends natgas futures to 3-1/2-month top

By Joe Silha

NEW YORK (Reuters) – Front-month natural gas futures rose to a 3-1/2-month high on Friday, as tighter supply-and-demand fundamentals and warmer extended weather forecasts continued to drive gains despite overbought technicals.

Gas prices have gained 20 percent so far this month, driven by signs that record production was finally slowing while demand picked up as more electric utilities switched from coal to cheaper gas to generate power.

Chart traders said technicals had turned bullish over the last month as futures rallied more than 40 percent from a 10-year low of $1.90 per million British thermal units, breaking through some stiff resistance along the way.

Front-month gas futures on the New York Mercantile Exchange ended up 14.8 cents, or 5.7 percent, at $2.742 per mmBtu after climbing late to $2.759, the highest for the nearby contract since January 30.

“There are expectations for warmer temperatures ahead, and power generation demand has been influencing (slowing) storage injections,” Eric Bickel, analyst at Summit Energy, told Reuters, noting that production numbers were also not as strong as earlier in the year.

Strong gains in the nearby contract have crushed spreads to winter months, with the December premium to June ending Friday at 72.7 cents, down 27 percent from its peak this year of 99.3 cents hit just five weeks ago.

Some traders said the market was due a pullback, noting the relative strength index had shot into overbought territory near 80 percent this week, but they did not rule out further gains once higher temperatures boost air-conditioning demand.

“This (11-15 day) period begins where the prior (6-10 day) period left off, with some additional warm changes to the Midwest and Northeast. The result will be a continuation of an abnormal amount of cooling demand for late May across key regions,” private forecaster MDA EarthSat said in a report.

Others remained skeptical of the upside with storage and production still at or near all-time highs and prices reaching levels that could slow or even reverse utility fuel switching, a big factor in boosting gas demand this year.

PRODUCTION STILL NEAR RECORD

Despite declines in dry gas drilling and planned output cuts by several key producers, gas production, primarily from shale, is still flowing at near-record highs.

Baker Hughes data on Friday showed the gas-directed rig count climbed by two this week to 600, just above the 10-year low of 598 hit last week.

The 36-percent drop in dry gas drilling since peaking at 936 in October has raised expectations that producers were finally getting serious about stemming the record flood of supplies.

But Baker Hughes data also showed that horizontal rigs, the type most often used to extract oil or gas from shale, hit another all-time high this week, climbing six to 1,193.

The shift away from dry gas to higher-value shale oil and shale gas liquid plays still produces plenty of associated gas that ends up in the market after processing. That has slowed the overall drop in dry gas output.

(Rig graphic: http://r.reuters.com/dyb62s)

Recent data showed gross gas production in February fell slightly from January’s record high. The decline, only the second in the last 12 months, stirred talk that production might finally have peaked and be poised to slow.

INVENTORIES STILL AT RECORD HIGHS

U.S. Energy Information Administration data on Thursday showed domestic gas inventories rose last week by 61 billion cubic feet to 2.667 trillion cubic feet.

While the build was above expectations — the Reuters poll estimate was looking for a 55-bcf gain — traders noted it was still below average for this time of year and cut the inventory surplus relative to last year and the five-year average.

The build trimmed the overhang to last year by 25 bcf to 774 bcf, or 41 percent above the same week in 2011. It also cut 30 bcf from the excess versus the five-year average, reducing the total to 773 bcf, or 41 percent.

The surplus to last year has dropped 13 percent from late-March highs, but traders noted stocks are still at record highs for this time. There are concerns that the storage glut will drive prices lower this spring as weather demand fades and pressure prices again this summer as storage caverns fill.

(Storage graphic: http://link.reuters.com/mup44s)

Weekly inventory builds have fallen below average in five of the last six weeks but traders said more light builds will be needed to trim bloated supplies to more manageable levels in the 26 weeks or so left before winter withdrawals begin.

The storage surplus to last year will have to be cut by another 525 bcf to avoid breaching the government’s 4.1-tcf estimate of total capacity. Stocks peaked last year in November at a record high of 3.852 tcf.

Early injection estimates for next week’s EIA report range from 67 to 88 bcf versus last year’s adjusted build of 101 bcf and the five-year average increase for that week of 97 bcf.

(Editing by Dale Hudson)

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Posted by Admin - May 20, 2012 at 7:17 pm

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Palm futures expected to trade easier

The crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to trade lower next week in the absence of positive factors, dealers said.

Interband Group of Companies senior palm oil trader Jim Teh said the market would enter a cool-down period with prices to hover between RM2,700 to RM2,800 per tonne.

“External sentiment and the gloomy global economic situation including developments in the eurozone will continue to have an impact on the local CPO market,” he said.

He added the downtrend can be seen in almost all commodity markets, and palm oil is not spared.

Throughout the week just-ended, the market was traded lower with prices moving between RM3,089 per tonne and RM3,226 per tonne.

On Wednesday, Bursa Malaysia said volume rose to a historical high of 63,019 lots, surpassing the previous record of 48,741 contracts recorded on Nov 17, 2011.

This was attributed to increased hedging activities resulting from the volatility and uncertainty seen in global financial and palm oil markets.

June 2012 dropped RM179 to RM3,104 per tonne, July 2012 decreased RM177 to RM3,098 per tonne and August 2012 was down by RM169 to RM3,096 per tonne.

The weekly turnover rose to 215,950 lots from 136,742 lots while open interest was lower at 117,052 contracts compared to 123,742 contracts
previously.

On the physical market, May South lost RM10 to RM3,320 per tonne. — BERNAMA

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Posted by Admin - May 20, 2012 at 7:17 pm

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UAE Commodities Exchange Hits New Record in Daily Trade …

Driven by an increase in Indian Rupee and Gold futures trading, the Dubai Gold and Commodities Exchange (DGCX) registered a new daily volume high of 51,943 contracts on Wednesday, May 16, 2012. The new daily volume record surpassed the previous best of 42,484 contracts set on May 9, 2012. The Exchange also set a new daily value record, with US $ 1.98 billion worth of contracts traded on Wednesday.

Wednesday also saw DGCX Indian Rupee futures registering yet another daily volume record of 44,821 contracts on the back of increased trading in back-month contracts – contracts that have more than one month to expire and offer tighter spreads. Gold futures, another key contributor to the daily record, registered a volume of 3,755 contracts on Wednesday, driven by heightened trading activity set off by a spike in the price volatility of the precious metal. On Wednesday, May 9, DGCX Gold futures achieved its highest daily volume of 6,068 contracts in 2012.

Gary Anderson, CEO of DGCX said: “We are very happy to see increasing back-month trading in Indian Rupee futures, which expands the opportunities available for Members to both manage price volatility and profit from price movements in the Indian Rupee. We are also encouraged by the volume increase in DGCX Gold futures, which has been enhanced by recent changes we made to the contract aimed at further boosting liquidity and facilitating tighter spreads. In particular, the introduction of a ‘matching intent’ facility that allows both physical and cash settlement of trades, has made the product even more attractive to retail and institutional traders. These changes are part of our constant endeavour to improve our contracts based on feedback from our member community and the market.”

This year, DGCX surpassed the two million contracts mark in just 82 trading days – the earliest it has crossed this figure in any year since inception. Year-to-date volumes on the Exchange, at the end of April, reached 2,105,680 contracts, valued at $86.5 billion, a 131% rise from 2011. Last month, DGCX also listed the region’s first Copper Futures contracts which got off to a robust start, trading 15,582 contracts in the first seven days of trading.

Indian based brokers have been expanding their foothold via Duabi, giving them flexible regulations, access to global markets and domestic volumes.

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Posted by Admin - May 20, 2012 at 7:17 pm

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A review of Foreign currency trading | Sharing Reviews & Advices

What Is FOREX or Foreign exchange market? Component We

The Foreign Exchange market (also known as the Currency trading or Foreign exchange market) could be the largest financial marketplace in the world, with $1.5 mil altering fingers every day.

Which is bigger than all All of us fairness as well as Treasury marketplaces combined!

Not like additional stock markets that run at the central spot (i.elizabeth. stock market), the worldwide Forex market does not have any convenient location. It is just a worldwide electric circle involving banks, financial institutions as well as particular person merchants, all involved in the buying and selling regarding country wide foreign currencies. One more major attribute in the Currency markets is it functions Round the clock, akin to the opening and closing of monetary stores in countries all around the globe, commencing daily within Modern australia, then Tokyo, Manchester as well as Ny. Without notice, in almost any place, you’ll find clientele, producing forex probably the most liquid industry in the world.

Traditionally, accessibility Forex market has been created accessible simply to finance institutions along with other huge banking institutions. Using advancements in engineering over the years, even so, the foreign currency market is now open to every person, from finance institutions to funds supervisors to individual dealers trading retail company accounts. The time to have linked to this specific interesting, world-wide marketplace has not recently been much better than right now. Open up a free account and turn into a dynamic person in the biggest market on this planet.

Forex is quite unique of forex about the commodities market place, and the majority less complicated, than trading stocks as well as everything.

Whether you are mindful of it or otherwise not, you currently be the cause inside the Foreign exchange market. The straightforward idea that you’ve got money in your bank account making you an investor in currency, mainly in the People Greenback. By holding $ $ $ $, you’ve got elected not to retain the values associated with additional nations. Your current acquisitions regarding stocks and shares, securities or another assets, as well as money placed within your checking account, symbolize purchases in which rely greatly on the integrity in the price of their denominated currency exchange ?the Us all Greenback. Due to the modifying valuation on the usa Money and the resulting variances in exchange prices, your investments might difference in value, in your total economic status. That said, it ought to be no surprise that lots of traders took good thing about your variation as a swap Prices, with all the movements with the Foreign Exchange market in an effort to increase their capital.

Illustration: imagine you needed $1000 and bought Euros when the exchange charge has been One particular.Fifty Dollars for the greenback. You would then have 2000 Pounds. If your price of Euros against the People buck increased you would market (trade) your Euros pertaining to money and have a lot more money when compared with you began using.

Illustration:

You could see the right after:

EUR/USD very last business 1.5,000 indicates
One particular Dinar may be worth $1.Fifty $ $ $ $.

The initial currency exchange (within this instance, the particular Pound) is known as the base forex along with the 2nd (/USD) since the countertop or even offer currency.

The FOREX plays a huge role on the globe overall economy there will almost always be a huge need for the exchange of values. Worldwide buy and sell boosts because technological innovation and conversation improves. As long as there’s global buy and sell, there will be a new Foreign exchange market. The Foreign exchange industry has to occur so a rustic similar to Indonesia can market products in the United States and then obtain Dollars in exchange for Us all Buck.

Danger Forewarning:

Hazards of forex trading

Margined trading currency is definitely a high-risk form of expenditure and is also only really suitable for individuals and also organizations that can deal with the opportunity losses it entails. A merchant account by having an agent lets you buy and sell foreign currencies over a remarkably geared basis (up to regarding 400 instances your fairness).The actual funds in an consideration that is trading from optimum leverage might be fully missing when the placement(azines) held in the particular account activities even a 1 % swing in value. Because of the possibility of shedding a person’s whole purchase, rumours inside foreign exchange market ought to just be performed together with risk capital cash in which, in the event that misplaced, will not likely drastically customize the traders monetary well-being.

To learn more information on the author: This

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Posted by Admin - May 20, 2012 at 7:17 pm

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Gold Prices Up on Week, Silver Dips, US Silver Coins Best Since …

Fine Gold Bars Gold prices rebounded a combined $55.30 between Thursday and Friday to spring back from its lowest price this year and eke out a 0.5% weekly gain — the first in three weeks.

Advances on Friday were largely attributed to bargain hunting and a weaker U.S. dollar which fell after its longest winning streak since 1985, a ride of gains that lasted for 14 straight sessions.

“The move up is largely a bounce back from the steep declines we had been seeing in the last two weeks,” MarketWatch quoted Rohit Savant, an analyst with CPM Group in New York.

In closing Friday, gold prices for June delivery rose $17.00, or 1.1%, to $1,591.90 an ounce on the Comex in New York. The yellow metal hit an intraday low of $1,567.80 and reached a high of $1,597.50. The settlement is 3.6% higher than when gold closed on Wednesday to its lowest price this year at $1,536.60 an ounce.

“To see a return of gold reacting positively to macro stresses is indeed refreshing, but it is still far too early to make any firm conclusions from here that gold has indeed turned the corner,” USB said in a note that was cited on Reuters. “Momentum will be key, and follow-through buying will have to kick in to encourage investors to jump in.”

“More importantly, gold’s reaction function will have to consistently exhibit its safe haven properties, and do so for some time to attract strategic buying.”

Expectations Diverge for Gold Prices Next Week, Per Surveys

Two weekly gold surveys show differing levels of expectations for gold prices next week. A Bloomberg survey was bearish for the first time in six weeks while a Kitco News survey is heavily bullish. The latter results first:

“In the Kitco News Gold Survey, out of 33 participants, 23 responded this week. Of those 23 participants, 21 see prices up, while two see prices down, and zero are neutral,” reports Kitco.

“A solid majority of participants expect prices to rally next week, especially since June gold futures on the Comex division of the New York Mercantile Exchange held the (intraday) low set on Wednesday of $1,526.70. Many said the sell-off was overdone so the rebound was in due course…

Those who see weakness next week said they think that gold cannot build on these gains and that the rally was nothing more than a short-term bounce in an otherwise down-trending market. Worries about the eurozone, which have pressured gold recently, remain at the forefront, they add.”

As for the Bloomberg survey, it has 13 of 29 survey participants expecting lower gold prices next week. 11 were bullish and 5 neutral.

For the year, gold prices have gained $25.10, or 2.9%.

Silver, Platinum and Palladium Prices

Silver and platinum advanced Friday, but palladium dipped slightly. In Friday settlement futures prices:

  • Silver prices for July delivery rose 69.5 cents, or 2.5%, to $28.715 an ounce. The white metal ranged from $27.780 to $28.895.

  • Platinum prices for July delivery added $5.90, or 0.4%, to $1,459.30 an ounce, trading between $1,443.50 and $1,466.30.

  • Palladium prices for June delivery declined $2.25, or 0.4%, to $603.60 an ounce, ranging from $596.45 to $612.30.

For the week, the three metals moved opposite of their Friday direction, with silver shedding 0.6%, platinum slipping 0.8% and palladium gaining less than 0.1%.

For the year, silver prices are up 2.9% and platinum prices have climbed 3.9%. Palladium, however, has fallen 8.0% in 2012.

London Precious Metal

London precious metals were all higher Friday but mixed on the week. When comparing the most recent London PM fixings:

  • Gold gained $35.50, or 2.3%, to $1,589.50 an ounce,
  • Silver advanced $1.00, or 3.6%, at $28.48 an ounce,
  • Platinum added $7.00, or 0.5%, to $1,456.00 an ounce, and
  • Palladium increased $3.00, or 0.5%, at $605.00 an ounce

Gold climbed 0.4% on the week while palladium was unchanged. Metals with the weekly losses were silver at 0.3% and platinum at 0.7%.

U.S. Mint Bullion Sales – Silver Coins Best Since Jan.

Weekly gains for the U.S. Mint’s bullion silver coins were on the exceptional side with distributors ordering 1,030,000 American Silver Eagles — the highest weekly total since the week of January 16.

For a perspective, one week ago the 99.9% fine silver coins had a tally of just 510,000 and were on track to challenge the worst monthly total since February 2008. Silver Eagle sales in May have now passed those from last month (1,520,000) and from February (1,490,000).

Demand for the U.S. Mint’s bullion gold coins was a bit lower this week with 9,000 ounces sold versus the 12,500 ounces claimed last week.

The following are the available daily, weekly, May and year-to-date bullion coin sales totals as reported by the U.S. Mint.

 

 

All coin sales figures in the above tables are in number of coins, not in the amount of ounces sold. The U.S. Mint last updated five ounce bullion silver coins sold on Monday, April 9, indicating none have sold since.

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Article Filed Under: Bullion Articles and Precious Metal Reports, Coin or Numismatic News

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Posted by Admin - May 19, 2012 at 6:20 pm

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Fibonacci Foreign exchange Buying and selling Methods | Travel …

International trade (Foreign exchange) trading could be quite difficult, which is why lots of traders are trying into various strategies that they’ll use with the intention to succeed within the market. This text talks about Fibonacci trading, one of the buying and selling strategies in Foreign exchange, as well as different buying and selling strategies that can be used along with Fibonacci.

What’s Fibonacci trading?

Fibonacci trading is a mathematical system utilized in Forex as well as in different markets (comparable to shares and futures) in order to predict the market movement based mostly on market conduct from the past. In response to this trading precept, stocks typically retrace a certain proportion from the previous actions available in the market, usually at 38.2%, 50%, or 61.8% intervals before it reverses. By keeping an eye on these movements, traders will be capable to predict the direction the market is headed in an effort to find out whether or not to open a long or short position in the market. Some merchants as well as buying and selling software plot the movement of the market based on the Fibonacci numbers in an effort to help them determine what moves to make with regard to their investments on Forex.

The Fibonacci precept is quite accurate, or at least shut enough to the present advertising and marketing tendencies that it may be used so as to observe the pattern of the market movements. Whereas using the Fibonacci numbers could be an effective technique in itself, numerous inventory traders use this together with different buying and selling strategies in order to improve accuracy and enhance their possibilities of earning well through Forex.

Foreign currency trading methods that work that can be used together with the Fibonacci trading technique

Listed below are some strategies that you need to use in an effort to make good investments on Forex.

Development watching. Doing all of your research is important before you soar into making investments of Forex. When used with the Fibonacci numbers, looking at the past developments will can help you determine the actions of the market so that you will know whether or not to spend money on certain forex pairs or to tug back and put money into another.

Know when to enter and exit the market. Just be sure you know what your limits are. Most of the time, greed results in individuals making mistakes on Foreign exchange, and as a result, they end up dropping lots of money. To keep away from this problem, determine at what level you will be stopping, no matter whether you are successful or losing. Some traders comply with the stop-loss order, whereby they really predetermine what point they’ll cease trading even earlier than they actually bounce in the market. That manner, they are able to keep away from making errors in prediction and cut down on possible losses as a result of wrong judgment calls.

Opposite reading. Whereas most consultants counsel that you just comply with the development relating to investing in Forex, it’s also possible to take the other route and make investments in the marketplace bottoms. That manner, shopping for rate is low, so you possibly can probably earn a lot if this as soon as this spikes up (once more, follow the Fibonacci precept to see whether or not this will improve). This may be doubtlessly risky though, which is why this technique is only reserved for many who can afford to make funding gambles.

Using the Fibonacci buying and selling principle together with the other buying and selling methods will help you succeed in the market. The bottom line is to be patient: do not expect to make a lot of money should you’re only simply starting. Give yourself room to learn the market trends and create your personal methods with a purpose to do properly in Forex trading.
Mose P. Celestine

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Posted by Admin - May 19, 2012 at 6:20 pm

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Fibonacci Foreign exchange Trading Strategies | Travel Tips …

Foreign change (Forex) buying and selling might be quite tricky, which is why numerous traders are looking into numerous methods that they can use to be able to succeed in the market. This article talks about Fibonacci buying and selling, one of many buying and selling strategies in Foreign exchange, as well as different trading methods that can be used along side Fibonacci.

What is Fibonacci trading?

Fibonacci trading is a mathematical system utilized in Foreign exchange in addition to in different markets (resembling stocks and futures) to be able to predict the market movement primarily based on market habits from the past. In keeping with this trading principle, shares usually retrace a sure share from the past movements out there, usually at 38.2%, 50%, or 61.8% intervals before it reverses. By keeping an eye on these movements, merchants will be capable to predict the route the market is headed in an effort to find out whether or not to open a long or short position in the market. Some merchants as well as buying and selling software plot the movement of the market based on the Fibonacci numbers with a view to help them determine what moves to make with regard to their investments on Forex.

The Fibonacci precept is quite accurate, or not less than shut enough to the prevailing advertising and marketing trends that it may be used so as to observe the sample of the market movements. While using the Fibonacci numbers can be an effective strategy in itself, loads of inventory traders use this together with different buying and selling methods in order to improve accuracy and enhance their possibilities of incomes well through Forex.

Foreign currency trading methods that work that can be used together with the Fibonacci buying and selling technique

Listed below are some strategies that you should use with a view to make good investments on Forex.

Development watching. Doing all of your research is important before you soar into making investments of Forex. When used with the Fibonacci numbers, looking at the past tendencies will will let you determine the actions of the market so that you’ll know whether or not to invest in certain forex pairs or to pull back and spend money on another.

Know when to enter and exit the market. Just be sure you know what your limits are. More often than not, greed results in people making mistakes on Foreign exchange, and because of this, they find yourself dropping lots of money. To avoid this problem, identify at what level you’ll be stopping, regardless of whether you are profitable or losing. Some traders comply with the cease-loss order, whereby they really predetermine what level they’ll cease trading even earlier than they really leap in the market. That manner, they can keep away from making errors in prediction and lower down on possible losses because of unsuitable judgment calls.

Opposite reading. Whereas most consultants counsel that you just follow the development with regards to investing in Forex, you can even take the other route and make investments in the marketplace bottoms. That manner, shopping for rate is low, so you’ll be able to potentially earn loads if this as soon as this spikes up (once more, follow the Fibonacci precept to see whether or not this may enhance). This may be doubtlessly risky though, which is why this technique is only reserved for those who can afford to make funding gambles.

Using the Fibonacci buying and selling principle together with the other buying and selling methods will help you succeed in the market. The hot button is to be patient: do not expect to make a lot of money if you’re only simply starting. Give your self room to learn the market trends and create your own methods with a purpose to do well in Forex trading.
Mose P. Celestine

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Posted by Admin - May 19, 2012 at 6:19 pm

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